Show I Services At St. St Lukes Luke's Bishop Clark will speak at St St. Lukes Luke's church Sunday evening at All members and friends of the church are urged to attend SILVER KINO ICING MAKES l RICH STRIKE Discovery of a new vein of ore Inthe in inthe inthe the Silver King Coalition Mines Co mine at Park City was credited Saturday for a sharp upturn In the firms firm's stock values on an the New York exchange James Ivers vice president and general general general gen gen- eral manager said the new discovery was wason wason wason on the foot 2000 level He said it ap appeared appeared appeared ap- ap to be definitely related to the extensive ore body now being worked on the foot 1960 level I Stock of of the company opened at I 4 a share on the New York exchange exchange exchange ex- ex change Friday and closed at The mine produces lead and silver The grand total of dividends to date Is 18 says bays the Denver i I Record S The annual report for 1947 Indicate ra r- r a better balance Is being attained in factors governing this mining operation I These factors are Labor supply a free metal market without controls and successful successful suc suc- operation Only very late in 1947 was there any semblance of adequate labor Almost men were employed by the end of the year As ore Is developed more men will willbo willbo bo put to work mining Company is working two shifts daay It is said a afree afree afree free market and the relinquishment of government controls will give manage manage- ment an opportunity to meet I 1 I high costs and lower metal contents contents con con- con conI I tents In available ore Controls have not lot i eliminated ordinary mining risks nor I insured reasonable profit margins In in I mining Successful exploration for ores I and their development is the pay payoff off I The finding and making accessible of the ore body discovered on the 1960 1900 foot level Jevel suggests a measure of successful successful successful success success- ful exploration By persistent work for almost two years adequate pumping equipment has been Installed and headIngs headings headings head- head i i ings are now being driven to make possible possible pos pos- sible mining of the ore body efficiently Exploration in the 60 section and I other work gives promise for 1948 I I METALS PREMIUM lUE AGREEMENT WILL HELP HELL STOCKPILE II Washington D D. D C. C C. C After C.-After After conferring here for a week western mining leaders leaders leaders lead lead- ers have agreed to support an amended version of the Russell premium price I I payment bill for metals The bill which was introduced in the I I house by Rep Charles Russell of Nevada Nevada Nevada Nev Nev- ada will be tailored both to meet ob objections objections objections ob- ob voiced by President Truman last year when he vetoed a comparable I I measure and to conform to Q ideas Incorporated incorporated In the measure recently In Indorsed Indorsed indorsed In- In InI I bv by the Colorado Mining I I i As it It will wm will ultimately be offered to congress the Russell bill will call for foran foran foran an 80 million a year program for the stockpiling of scarce metals This program will be administrated by a to-be-created to metals purchasing branch within the mines bureau and I i I it will be financed out of funds to be I supplied by the All metals purchased under the program program pro pro- gram will be bo placed in the stockpile for forI strategic materials unless the president specifically allocates them to other agencies or places them on the open market Denver Denver Mining Record STOCK f SALES ULl 8 THURSDAY i 50 50 I East Utah 1000 Park City Consolidated SOO Q 34 Q New York Exchange Park Utah Utah j. Silver King Coalition Coalition loo FRIDAY East Utah Utah f Park City Consolidated Consolidated 1000 1000 1200 New York Exchange Park Utah Utah Silver King Coalition Coalition 1000 1000 SATURDAY New Park Perk Park 1517 a. New York Exchange Park Utah Utah 0 M NEW DIRECTORS FOR FOlt SILVER ER KING ICING COALITION Three new directors of Sliver Silver King Coalition Mines company representing American Smelting and Refining company company com com- pan pany which now controls shares or about 18 IB of Silver King stock were elected at the annual stockholders' stockholders meeting Monday In the Kearns building The new directors are William J J. J OConnor O'Connor A A. A S S. S and R. R general manager Utah department D. D J J. J Pope manager of the western mining department and W R. R Landwehr chief geologist western department They replace George Jay Gibson R R. R T. T Banks and Edgar A A. A Ber Der ing Directors reelected are David Keith president James Ivers vice president and ad ld general manager Hearle Mearia O. O Heltzman Heitzman Heltz- Heltz man man manager of operations S. S B. B LambI Lambkin Lamb Lamb- kin I secretary and treasurer J J. J F. F FitzI Fitzpatrick Fitzpatrick Fitz- Fitz I patrick and Jay T T. Harris I Mr Ivers' Ivers report showed a net loss for forI forthe the year before depreciation of I The last few months month have brought Improvement in man power availability and efficiency said Mr Keiths Keith's report 1 I The Tho accessibility of the ore body on the foot 1960 level and development work work done elsewhere in the property suggest that the problem of ore supply may be solved I I I I I I I i I I Silver King Coalition Coalition lip 4 MONDAY New Park Park Park-loo New York Exchange Park Utah Utah 2000 2000 a. Silver Sliver King Coalition Coalition a 2 TUESDAY Y Bullion 2000 Bullion 2000 Cardiff Cardiff 1000 1000 jj 1000 Rexall Columbus 1000 ac 2000 He Combined Metals 1000 Metals c. c Con Eureka Eureka 2000 2000 lie East Utah Utah Eureka Lilly Lilly Leonora Leonora 1000 1000 Moscow Moscow New Majestic Majestic 2000 2000 Cc Qi jC 61 5 North Standard Standard 1000 1000 20 a 20 Yi c. c Rico Argentine Argentine lOa Standard Standard a 4 40 Indian Queen Queen 2000 2000 2 2 c West Toledo Toledo 2000 2000 Columbus Rexall 2000 14 a 14 c c. c Eureka Lilly Lilly 1000 1000 Leonora Leonora 1000 1000 Q iI 6 c. c Madison Mines Mines 1000 1000 Be Nall New Park Park Park City Consolidated Consolidated 1000 1000 Q Lead Lead Wyoming Utah-Wyoming Oil Olt Indian Queen Queen 1000 1000 21 2 West Toledo Toledo 1000 1000 3 I WEDNESDAY New York Exchange j Park Utah Utah I Silver King Coalition Coalition Q 5 25 i I New Park Park Utah Consolidated Park Utah Keetley Sliver Silver King Coalition cons I I Total I |